Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

The IFSB Organises Workshop on Banking Standards in Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

The IFSB Organises Workshop on Banking Standards in Iraq

Go down

The IFSB Organises Workshop on Banking Standards in Iraq Empty The IFSB Organises Workshop on Banking Standards in Iraq

Post by claud39 on Thu Apr 04, 2019 1:58 pm

https://www.ifsb.org/preess_full.php?id=468&submit=more


The IFSB Organises Workshop on Banking Standards in Iraq

The IFSB Organises Workshop on Banking Standards in Iraq Logo_ifsb




Date posted: 14 March 2019
Kuala Lumpur, 14 March 2019The Islamic Financial Services Board (IFSB) is organising a Facilitating the Implementation of the IFSB Standards (FIS) Workshop in Baghdad, Iraq on 7 – 9 April 2019.This Workshop is hosted by the Central Bank of Iraq.
The 3-day Workshop will focus on the following IFSB Standards:

  • IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS);

  • GN-3: Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders;

  • GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS; and

  • GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management


Overall, the Workshop aims to:
[list="color: rgb(118, 118, 118); font-size: 11px; background-color: rgb(198, 200, 203);"]
[*]Enhance the participants’ understanding of the respective Standards and Guiding Principles;

[*]Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and

[*]Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

[/list]
The FIS Workshops are a part of the IFSB’s support to its members based on the Strategic Key Result Area 2 (SKRA 2) on the Facilitating the Implementation of Prudential Standards and Capacity Development under the IFSB’s Strategic Performance Plan (SPP) 2016-2018”, to assist member organisations in adopting and implementing the IFSB Standards.
For enquires on IFSB workshops and membership services, please contact the IFSB Secretariat at ifsb_sec@ifsb.org.




https://www.ifsb.org/event_detail.php?e_id=370


The IFSB Organises Workshop on Banking Standards in Iraq Logo_ifsb



[th]Category[/th][th]Name[/th][th]Description[/th][th]Start Date[/th][th]End Date[/th][th]Venue Name[/th][th]City[/th][th]Country[/th][th]Event Website[/th][th]Registration[/th]
Event Detail
:IFSB-FIS Workshop
:[EVE00370] Facilitating the Implementation of the IFSB Standards (FIS) Workshop
:
About the Workshop 
This 3-day Workshop is tailored for the Central Bank of Iraq. It will discuss the following IFSB Standards:
 
IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS)
GN-3:Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders
GN-4:Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS
GN-6:Guidance Note on Quantitative Measures for Liquidity Risk Management
 
Overall, this Workshop aims to:
1. Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
2. Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
3. Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.
 
:07/04/2019:09/04/2019
:
:Baghdad
:IRAQ
:-
:
  Event Snapshots

[th]Dated[/th][th]Time[/th][th]Topics[/th]
  Program - Event Session (s)
- none -
Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.
  Downloadable Document (s)
*Note: Click Document Name to view/download document
1.) Event Session (s) - PDF Format

Back to top
claud39
claud39
VIP Member
VIP Member

Posts : 10507
Join date : 2018-11-04

Back to top Go down

The IFSB Organises Workshop on Banking Standards in Iraq Empty Background

Post by claud39 on Thu Apr 04, 2019 2:00 pm

https://www.ifsb.org/background.php


The IFSB Organises Workshop on Banking Standards in Iraq Logo_ifsb



Background
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was officially inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international standard-setting body of regulatory and supervisory agencies that have vested interest in ensuring the soundness and stability of the Islamic financial services industry, which is defined broadly to include banking, capital market and insurance. In advancing this mission, the IFSB promotes the development of a prudent and transparent Islamic financial services industry through introducing new, or adapting existing international standards consistent with Sharî'ah principles, and recommend them for adoption.
To this end, the work of the IFSB complements that of the Basel Committee on Banking Supervision, International Organisation of Securities Commissions and the International Association of Insurance Supervisors.
As at December 2018, the 180 members of the IFSB comprise 78 regulatory and supervisory authorities, 8 international inter-governmental organisations, and 94 market players (financial institutions, professional firms, industry associations and stock exchanges) operating in 57 jurisdictions.
Malaysia, the host country of the IFSB, has enacted a law known as the Islamic Financial Services Board Act 2002, which gives the IFSB the immunities and privileges that are usually granted to international organisations and diplomatic missions.
Adoption of Standards
Since its inception, the IFSB has issued thirty Standards, Guiding Principles and Technical Notes for the Islamic financial services industry. The published documents are on the areas of:

  1. Risk Management (IFSB-1)

  2. Capital Adequacy (IFSB-2)

  3. Corporate Governance (IFSB-3)

  4. Transparency and Market Discipline (IFSB-4)

  5. Supervisory Review Process (IFSB-5)

  6. Governance for Collective Investment Schemes (IFSB-6)

  7. Special Issues in Capital Adequacy (IFSB-7)

  8. Governance for Islamic Insurance (Takāful) Operations (IFSB-8)

  9. Conduct of Business for Institutions offering Islamic Financial Services (IIFS) (IFSB-9)

  10. Sharīʻah Goverance System (IFSB-10)

  11. Solvency Requirements for Takāful (Islamic Insurance) Undertakings (IFSB-11)

  12. Liquidity Risk Management (IFSB-12)

  13. Stress Testing (IFSB-13)

  14. Risk Management for Takāful (Islamic Insurance) Undertakings (IFSB-14)

  15. Revised Capital Adequacy (IFSB-15)

  16. Revised Supervisory Review Process (IFSB-16)

  17. Core Principles for Islamic Finance Regulations (IFSB-17)

  18. Retakāful (Islamic Reinsurance) (IFSB-18)

  19. Recognition of Ratings on Sharīʻah-Compliant Financial Instruments (GN-1)

  20. Risk Management and Capital Adequacy Standards: Commodity MurābahahTransactions (GN-2)

  21. Practice of Smoothing the Profits Payout to Investment Account Holders (GN -3)

  22. Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4)

  23. Recognition of Ratings by External Credit Assessment Institutions (ECAIS) on Takāful and Retakāful Undertakings (GN-5)

  24. Quantitative Measures for Liquidity Risk Management (GN-6)

  25. Development of Islamic Money Markets (TN-1)

  26. Stress Testing (TN-2)

  27. Disclosure Requirements for Islamic Capital Market Products (IFSB-19)

  28. Supervisory Review Process of Takāful / Retakāful Undertakings (IFSB-20)

  29. Core Principles for Islamic Finance Regulation [Islamic Capital Market Segment] (IFSB-21)

  30. Revised Transparency and Market Discipline (IFSB-22)


The standards prepared by the IFSB follow a lengthy due process as outlined in its Guidelines and Procedures for the Preparation of Standards/Guidelines which involve, among others, the issuance of exposure draft and, where necessary, the holding of a public hearing.
Awareness Promotion
The IFSB is actively involved in the promotion of awareness of issues that are relevant or have an impact on the regulation and supervision of the Islamic financial services industry. This mainly takes the form of international conferences, seminars, workshops, trainings, meetings and dialogues staged in many countries.
See Speeches delivered at the IFSB Inauguration Ceremony (November 2002)
[list="color: rgb(118, 118, 118); font-size: 11px; background-color: rgb(198, 200, 203);"]
[*]Welcoming Speech by Governor, Bank Negara Malaysia, Dr. Zeti Akhtar Aziz

[*]Keynote Address by (then) Malaysian Prime Minister, Dr. Mahathir Mohammad

[/list]

Back to top
claud39
claud39
VIP Member
VIP Member

Posts : 10507
Join date : 2018-11-04

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum